BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Down – Here’s What Happened

BE Semiconductor Industries NV (OTCMKTS:BESIY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $365.70, but opened at $346.44. BE Semiconductor Industries shares last traded at $346.44, with a volume of 792 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BE Semiconductor Industries in a report on Friday, May 15th. Berenberg Bank upgraded BE Semiconductor Industries to a “hold” rating in a report on Monday, February 23rd. Zacks Research upgraded BE Semiconductor Industries to a “strong-buy” rating in a report on Thursday, April 23rd. Finally, Morgan Stanley reissued an “overweight” rating on shares of BE Semiconductor Industries in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

BE Semiconductor Industries Stock Down 4.1%

The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.17 and a current ratio of 4.74. The firm has a market cap of $25.45 billion, a price-to-earnings ratio of 158.82 and a beta of 1.97. The firm has a 50-day moving average price of $297.76 and a two-hundred day moving average price of $228.61.

BE Semiconductor Industries (OTCMKTS:BESIY) last issued its earnings results on Thursday, April 23rd. The technology company reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. The business had revenue of $216.51 million for the quarter, compared to analyst estimates of $220.77 million. BE Semiconductor Industries had a return on equity of 38.42% and a net margin of 24.02%. On average, sell-side analysts forecast that BE Semiconductor Industries NV will post 4.46 earnings per share for the current year.

About BE Semiconductor Industries

BE Semiconductor Industries NV (OTCMKTS:BESIY), commonly known as BESI, is a global supplier of assembly equipment for the semiconductor industry. The company designs, develops and manufactures capital equipment used in the back-end production of semiconductor devices, including die attach, wire bonding and flip chip packaging systems. BESI’s platforms support a wide range of applications from memory and logic chips to advanced power devices and radio-frequency modules, enabling high precision, throughput and yield in device assembly and test processes.

Founded in 1995 and headquartered in Duiven, the Netherlands, BESI went public on Euronext Amsterdam in 1999.